Pentair plc (NYSE:PNR) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in shares of Pentair plc (NYSE:PNR) by 0.1% during the 3rd quarter, Holdings Channel reports. The fund owned 1,202,443 shares of the industrial products company’s stock after purchasing an additional 1,308 shares during the quarter. KBC Group NV’s holdings in Pentair were worth $117,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of Pentair by 0.5% during the 1st quarter. Russell Investments Group Ltd. now owns 336,361 shares of the industrial products company’s stock valued at $28,710,000 after purchasing an additional 1,748 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Pentair in the first quarter valued at $203,000. Entropy Technologies LP acquired a new position in shares of Pentair in the first quarter worth about $1,100,000. State Board of Administration of Florida Retirement System grew its position in shares of Pentair by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after acquiring an additional 8,966 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Pentair by 11.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285,234 shares of the industrial products company’s stock valued at $24,370,000 after purchasing an additional 28,423 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $106.32 on Thursday. The company’s 50-day moving average is $96.87 and its two-hundred day moving average is $86.94. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair plc has a 1-year low of $62.04 and a 1-year high of $107.78.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. Pentair’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. Analysts forecast that Pentair plc will post 4.28 EPS for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, October 18th. Pentair’s dividend payout ratio (DPR) is 23.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on PNR shares. The Goldman Sachs Group increased their price target on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. KeyCorp upped their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada upped their price target on shares of Pentair from $101.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Northcoast Research lowered shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.13.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.